Binswanger Named Exclusive Agent for the Sale of the Former Covidien/Medtronic 309,454 Sq. Ft. Industrial Facility in Commerce, Texas

DALLAS, TX--(Marketwired - December 16, 2016) - Binswanger has been named exclusive agent by Covidien LP for the sale of their modern, single-story 309,454 sq. ft. manufacturing and warehouse facility on approximately 47 acres. The property is located at 400 Maple Street in Commerce, Texas.

Constructed in 1974 and renovated in 2003, this excellent facility is constructed of mostly 6" reinforced concrete floor; combination of insulated metal panel, brick and concrete tilt walls; insulated metal deck and tar and gravel roof; ceiling heights ranging from 13' to 27'5" and circular steel and h-beam columns spaced 25' x 50'. Key features of the fully air-conditioned building include 100% wet sprinkler system; fluorescent T-8 lighting; power supplied by Oncor Electric with seven pad mounted transformers ranging from 1,500 to 3,000 KVA, 480/277 volt, three-phase, four-wire switchgear panels; all utilities; fiber optics supplied by Centurylink; thirteen 1-5 ton anchor cranes; compressed air supplied via four compressors; three 8' x 9' dock-high doors equipped with seals and levelers; two 10' x 12' grade-level roll up doors; six 12' x 16' drive-in covered dock doors; approximately 10,000 sq. ft. of modern office space; paved and lighted parking for 400 vehicles; and active rail spur served by Blacklands Rail Road.

The site, located in a Foreign Trade Zone, this facility is ideally located ten miles north of Interstate 30 and US Highway 380; minutes from TX-24 and TX-178; 66 miles from Dallas; approximately 80 miles from DFW International Airport; 15 miles from Sulphur Springs airport and one and one-half miles from Commerce Municipal Airport.

Binswanger is aggressively marketing the property to oil and gas producers and equipment manufacturers, manufacturers of textiles, paper, petroleum/coal products, plastics/rubber, primary metal, computer/electronic products and electrical equipment/alliance/components and motor vehicle body/trailer manufacturers; as well as mining, construction, wholesale trade and transportation and warehousing prospects.

Headquartered in Philadelphia, Pennsylvania, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.